Answer / shilpa

Sundary Debtor : who owes money to business

Sundary creditors : business owes money

Answer / venkatreddy

sundry debtors current assets
sunry creditors current libalites

Answer / srikanth

Sundry debtor is current asset of the company & Sundry
creditor is the current liability of the company. When the
Goods are sold on the credit basis, the party to whom the
sales are made they are treated as sundry debtors. And when
we purchased the goods from the Supplier on credit basis
then the supplier will become Sundry creditor.

Ex: A sold goods to B on credit basis. Here in this
transaction " A "becomes sundry Creditor to " B ",
and "B "becomes sundry debtor to "A".

Answer / mohit tomar

Sundry Debtor is that whom we credit sold of goods & they are current assets for company, and Sundry Creditor is that from whom we purchase goods on credit, & they are current liability for company..

Answer / guest

Asset

define cost control?

1 Answers   Mona Lisa,

Among financial and cost accounting,which is more important? why?

2 Answers  

why the profit of a company is shown on the liabilities side in the balance sheet

4 Answers  

Is profit & loss account assets or liability?

2 Answers  

What all are the documents need to check for a supplier payment?

0 Answers   SBK Real Estate,

mr.atul purchased a dress for his son amounting to rs 725/- from dress point by paying cash from the office. We entered in this trasaction to which voucher?

7 Answers  

Home furniture sold goods to Jhon for 150000 on 10th march 2015, due to damage occured in transmit rs 20000 worth of goods have been returned on 16th march 2015. What is the journal entry for both the instances ?

2 Answers   NA,

Golden rules of Accounts

3 Answers   Chartered Accountant,

why the net profit arises on the debit side of profit and loss account wen the nominal acount rule states debit all expenses and losses and credit all incomes and gains

1 Answers  

what is entry of loan & Advance given to Client Rs. 4 crore @ 3% per month for one year,Interest Recievable,Interest Recd.

2 Answers  

what is the nature of expenses of a donation

1 Answers  

SIR , PLZ DEFINE 'H' FORM,E1 FORM,D2 FORM

1 Answers   JCB,